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FOX News
Jul 14, 2011 4:00pm EDT
. >> the largest possible deal. >>chris: the president wants to go big so why are the numbers going down? welcome, everyone, i am here for neil cavuto in "your world." a new round of debt talks get under way at the white house but it is not all smiles. because the president's listen is not looking so grand. we have gone from talk of $2 trillion in cuts to $1.7 trillion and now closer to $1.5 trillion. and there is in guarantee that money won't go lower as the talks drag on. utah republican senator lee thinks we need to go back but $1.5 trillion in cuts spread out over ten years is that going big? >>guest: no, in the big at all. i am not sure it is going anywhere. one congress cannot bind another congress. so no matter how big the cuts are, if they are stretched out over 10 years and not accompanied by a constitutional amendment we have no guarantee they will be followed. >>chris: do you get a sense both sides are trying to get a deal and making it small enough to be palatable because the democrats and the administration will not make a big deal without tax increases, so both will take small incre
FOX News
Jul 6, 2011 4:00pm EDT
people but a lot of confusion among those in washington as to what is really happening. and that is a big part of the problem. both sides of the aisle are able to sell their point and sell their position to the american people and i think the membership are saying, okay, if he said it is true it must be true. >> i don't think that is true. these people are pandering and it is not just obama. everyone is a pandering, government spending is taxation. this is the highest government spending as a share of g.d.p. in the history of the united states since world war ii. bill clinton cut government spending as a share of g.d.p. dramatically. bush and obama have increased it dramatically. it's a real problem. now, our tax rate is lower. yes. but tax rates only do the amount of money you collect. not the amount of debt you erupting up which is, really, what taxes are in this system. so, you have to cut government spending in this. it is not a time -- if i went to my boss and i said, my wife and i are way overspending, i want to do a balanced approach, would you pay me more and i will cut become on
Search Results 0 to 1 of about 2